Technical Analysis (Gold) : XAU/USD 7 May 2025

Forex Technical Analysis : XAUUSD (Gold)

Date : 7 May 2025

Momentum : Down

First Scenario : short positions below 3,394.14 with targets at 3,370.19, 3,350.33 and 3,323.31

Second Scenario : long positions above 3,394.14 with targets at 3,417.84, 3,435.00 and 3,455.19

Comment : The price movement is no clear trend.

Supports and resistances :

3,455.19 **
3,435.00 *
3,417.84
3,381.98 - Last price
3,370.19
3,350.33 *
3,323.31 **

Warning : This information is not a buy-sell signal.